As one of Canada’s major industries, construction opens new doors for both apprentices and veteran tradespeople alike. In 2022 alone, the construction industry provided more than 1.5 million Canadians with jobs.
However, due to the growth of the industry, the landscape has also become increasingly competitive for independent contractors and business owners. One way to ensure your success in a cutthroat industry is to foster strong connections and build a network of supportive colleagues who can guide you in the right direction.
This is where the London and District Construction Association (LDCA) steps in.
How the LDCA Supports Contractors
For over 125 years now, the LDCA has promoted the growth of its members by being a leading voice in the construction industry. Since its inception, the association has provided its members access to education and professional developmental opportunities.
It is an association that’s made a name for itself within the construction sector, building a reputation for leadership and advocacy while maintaining reasonable policies that are consistent with the interests of the industry as a whole.
Beyond this, the LDCA frequently advocates for fair competition within the industry. This involves working to build and enforce standard methods of practice between LDCA members and others in the construction sector.
At the heart of the organization, the LDCA has been working towards facilitating a harmonious relationship between the construction sector and its consumers. It also encourages the employment of local tradespeople, urging many businesses and clients to seek locally produced and distributed materials for their projects.
The Benefits of Becoming an LDCA Member
The LDCA’s primary role is to provide leadership opportunities for its members, help further their careers, and expand their network of contacts within the organization.
As a member of the organization, you can save money on any construction items you need—including CDCC documents and contracts—with exclusive member-only pricing.
LDCA members are also well-respected within the construction industry, meaning becoming one brings credibility to your career as a tradesperson and gives your customers the peace of mind they need when they decide to work with you.
Thanks to its unique position, the organization can lobby for the creation and implementation of legislation that impacts the industry. For its members, the LDCA is a voice that speaks to all three levels of Canadian government.
The LDCA also recognizes the need for its members to have access to essential and updated safety and training information, as these lower the risks of accidents that can and do happen on construction sites. This also extends to providing access to mental health and wellness resources to ensure safety inside and outside the workplace.
With all this in mind, there’s no doubt that LDCA members get access to the resources they need to grow as a contractor. However, it can’t protect them in case of accidents or unfortunate incidents that lead to financial loss. The construction industry is rife with risks and challenges, making it vital to protect yourself and your assets—enter KASE Insurance.
Customizable Insurance Support for LDCA Members
Construction work is laborious and exhausting, with many tradespeople exposed to risks and hazards while out building roads or commercial spaces.
You could accidentally damage someone else’s home, cause third-party injuries, or even be involved in a vehicular accident. All of these instances can derail project deadlines and lead to hefty fines and medical fees. Worse, you could encounter a lawsuit in severe situations.
The good news is that the right insurance bundles can protect your business against unfortunate circumstances. Here’s what KASE Insurance offers LDCA members:
Commercial General Liability Insurance
Commercial general liability insurance (also known as CGL policy) is designed to protect contractors from financial obligations that often arise from:
- Third-party injuries
- Employee injuries
- Third-party property damage
How much coverage you need will depend on several factors, meaning it’s best to consult with your insurance broker if you want an accurate estimation.
Contractors Insurance
This type of insurance support is designed for both general contractors and trade contractors. Much like CGL, contractors insurance provides financial protection against third-party liabilities, bodily injuries, and completed work claims. This type of insurance policy is mandatory before being allowed to operate a construction business.
A fully customized insurance plan from KASE Insurance will enable you to include additional coverages that will address all of the risks associated with your specific trade.
Surety Bonds
Members of the London & District Construction Association will gain access to multi-million-dollar projects from private entities and contracts made by the state—both of which entail a higher risk for those involved.
This is why contractors who’d like to bid on major projects must often enter into a surety bond. These protect all parties involved in a construction project, acting as a guarantee that tasks will be carried out by the contractor following industry standards. Surety bonds also ensure projects will be completed within a given deadline.
As a contractor, entering into a bond shows your capability to complete the project and boosts your credibility in the eyes of your clients.
Why Go With Kase Insurance?
When working in the construction industry, it pays to connect with like-minded colleagues who can help you further your career. That’s what the London & District Construction Association provides, but it can’t protect your finances.
KASE Insurance provides customized insurance solutions for LDCA members with no costly riders or other expenses. Aside from providing sound advice, our experienced insurance brokers will also help you learn more about your insurance bundles to ensure you understand them fully, including any exclusions and what triggers a claim.
Contact us today to start protecting your assets and discover we’re the most trusted insurance brokerage for London & District Construction Association members!